10/19/2018

Advantech (stock symbol: 2395), a leader in the global intelligent systems market held its first IoT Co-Creation Summit at Suzhou International Expo Center. During the summit, Advantech introduced new features for WISE-PaaS 3.0 and shared a number of IoT solution ready packages (SRPs), based on WISE-PaaS, developed with numerous co-creation partners. The company also outlined future co-creation strategies and schedules for the upcoming year.

Allan Yang, Chief Technology Officer at Advantech said, “While IoT is currently flourishing, and many companies have invested in connectivity and data collection equipment, we are still in the early stages of generating value from IoT data. Since WISE-PaaS launched in 2014, Advantech has continued its integration and improved connectivity with open source communities. Our IoT software modules are developed to create operational cloud platform services oriented around the commercial value generated by data acquisition. Data-driven innovation has thus become the main target for our WISE-PaaS evolution.”

To help advance IoT development, WISE-PaaS 3.0 offers four main function modules:

Microservice development framework: WISE-PaaS contains
a micro service development framework to help developers rapidly create program
design frameworks while reducing development requisites. Micro service
functions, such as service finding, load balancing, service administration, and
configuration center, all offer built-in flexible support mechanisms.

Mr. Yang further explained that, “Many industry partners have invested in equipment data acquisition in the hope of introducing AI driven equipment and intelligent workflow management, while actively seeking methods and tools to extract value from their data. Industry partners are usually reserved in disclosing to outsiders the high-value, industry-specific information they have accumulated over the years. Advantech is learning about the pain points each industrial sector must overcome in order to provide efficient technological support. Our company has found that through co-creation, the collaborative design of IoT-based cloud platform solutions can effectively combine the strengths of both parties to create win-win situations.”

Advantech’s proficiency with cloud data processing and
application development, coupled with partner expertise, forms a potent combination
of OT and IT that facilitates optimal data collection, management, and
analysis. Starting this year, co-creation projects in a number of fields were
undertaken with the participation of domain-focused solution integrators
(DFSIs). Advantech recently established a water treatment system, jointly developed
with GSD (China) Co., Ltd., and a CNC equipment remote operation service,
jointly developed with Yeong Chin Machinery Industries Co. Ltd. Both partnerships
demonstrate how industrial digital transformations, led by Advantech and its partners
through the co-creation model, offer innovative win-win IoT solutions.